Brink Act: first step of shutting down business dealings with North Korea

Local News

Two Senators, including a Pennsylvania lawmaker, introduce Bi-Partisan Legislation to deal with North Korea.  

Pennsylvania Senator Pat Toomey, Co-Sponsored legislation with Democratic Senator, Chris VanHollen of Maryland.  The banking restrictions involving North Korea, or Brink Act, would create new sanctions on any financial institutions doing business with North Korea.

“Our legislation,” Senator VanHollen explains, “would require the President to impose sanctions on institutions that are making this possible… Specifically, the financial institutions that clear the transactions that allow, expecially Chinese businesses, to do the business with North Korea that keeps that regime afloat.”

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